A significant push higher is likely as ECB QE 2.0 is floated around, which could push EUR lower a la late 2014 / early 2015. However, the DAX isn't rising like it once did, which speaks to the diminishing returns of CB support.

Bounces sharply today from 21-DMA at 2.9890; lvl has served as an excellent springboard for past 3 days; 9- day RSI at ~64, turning higher; medium-term objective set at 3.1740 (161.8% Fibo extension of wave 1 projected from wave 4) located ~5% from current lvls; rising 21-DMA at 2.9888 defines uptrend

EURGBP has come into short-term resistance along a top of a bull-flag. Answering the question, ‘what is the market not doing’ shows that we’re not seeing an aggressive bid in cable or a willingness to aggressively sell the EUR vs. anything other than the USD. Additionally, the recent sideway move seems to favor a ...

Earlier this week , emerging market currencies whose prosperity is seen tide to global demand, which lately has been highly linked to China, caught a significant but short-lived bid. This came on the back of news out of China that the government would look to continue with large scale projects in order to prevent a ...